{"id":175637,"date":"2025-12-09T16:01:24","date_gmt":"2025-12-09T16:01:24","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/175637\/"},"modified":"2025-12-09T16:01:24","modified_gmt":"2025-12-09T16:01:24","slug":"nz-housing-market-shifts-from-slump-to-early-recovery-lj-hooker-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/175637\/","title":{"rendered":"NZ housing market shifts from slump to early recovery, LJ Hooker says"},"content":{"rendered":"<p>\u201cAs the year went on, cuts to the official cash rate and signs of stabilisation helped lift confidence, even while some data remained patchy.<\/p>\n<p>&#8220;<a href=\"https:\/\/www.mpamag.com\/nz\/news\/general\/nz-house-prices-flat-as-buyers-hesitate-despite-ideal-conditions\/558892\" target=\"_blank\" rel=\"nofollow noopener\">Cotality\u2019s home value index shows national values were flat in November<\/a>\u00a0after two months of modest gains, with the national median sitting around $807,000. Sales, listings, and building activity have all picked up, while first-home buyers have become \u201ca much bigger part of the market story\u201d.<\/p>\n<p>Economy, inflation, and interest rates<\/p>\n<p>The economic backdrop remained challenging for much of the year. Unemployment drifted higher to 5.3% and household budgets stayed tight, but easing inflation and aggressive interest rate cuts shifted conditions into more supportive territory.<\/p>\n<p>\u201cThe RBNZ moved decisively into easing mode this year,\u201d Tiller said.<\/p>\n<p>\u201cWe\u2019ve seen a full two percentage point reduction to the OCR in 2025 alone, taking it down to 2.25%. Markets and forecasters agree the low point is now close \u2013 the question is how long rates stay low.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cAs the year went on, cuts to the official cash rate and signs of stabilisation helped lift confidence,&hellip;\n","protected":false},"author":2,"featured_media":175638,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[45400,111,43,139,69,45406,22429],"class_list":{"0":"post-175637","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-zealand","8":"tag-first-home-buyers","9":"tag-new-zealand","10":"tag-news","11":"tag-newzealand","12":"tag-nz","13":"tag-nz-housing-market","14":"tag-rental"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/175637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=175637"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/175637\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/175638"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=175637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=175637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=175637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}